Novanta (NOVT) Stock Price, News & Analysis

Company Overview

Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.

Key Stats

• Today's Range: $117.58 to $121.74
• 50-Day Range: $120.10 to $133.77
• 52-Week Range: $98.76 to $186.75
• Volume: 334,494 shs
• Average Volume: 233,890 shs
• Market Capitalization: $4.32 billion
• P/E Ratio: 61.28
• Dividend Yield: N/A
• Price Target: $160.00
• Consensus Rating: Hold

Novanta Stock Analysis - MarketRank™

Novanta scored higher than 49% of companies evaluated by MarketBeat, and ranked 420th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Novanta has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Novanta has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 21.45%

Earnings Growth

Earnings for Novanta are expected to grow by 21.45% in the coming year, from $3.03 to $3.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Novanta is 61.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 28.11.

Price to Earnings Ratio vs. Sector

The P/E ratio of Novanta is 61.28, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 48.17.

Price to Book Value per Share Ratio

Novanta has a P/B Ratio of 5.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.61% of the outstanding shares of Novanta have been sold short.

Short Interest Ratio / Days to Cover

Novanta has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Novanta has recently increased by 3.75%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Novanta does not currently pay a dividend.

Dividend Growth

Novanta does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.61% of the outstanding shares of Novanta have been sold short.

Short Interest Ratio / Days to Cover

Novanta has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Novanta has recently increased by 3.75%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.70

News Sentiment

Novanta has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Novanta this week, compared to 5 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Novanta insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Novanta is held by insiders.

Percentage Held by Institutions

98.35% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOVT Stock Analysis - Frequently Asked Questions

How have NOVT shares performed this year?

Novanta's stock was trading at $152.77 at the beginning of the year. Since then, NOVT shares have decreased by 21.4% and is now trading at $120.10.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) announced its quarterly earnings data on Tuesday, May, 6th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.06. The business's revenue was up 1.1% on a year-over-year basis.
Read the conference call transcript.

Who are Novanta's major shareholders?

Novanta's top institutional investors include Conestoga Capital Advisors LLC (4.39%), William Blair Investment Management LLC (2.72%), Allspring Global Investments Holdings LLC (2.49%) and Blair William & Co. IL (0.72%). Insiders that own company stock include Robert Buckley, Matthijs Glastra, Brian S Young and Thomas N Secor.
View institutional ownership trends.

How do I buy shares of Novanta?

Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Novanta investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AU Optronics (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 8/02/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC - MISC COMPONENTS
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:NOVT
• Previous Symbol: NASDAQ:GSIG
• CIK: 1076930
• Web: www.novanta.com
• Phone: (781) 266-5700
• Fax: 781-266-5114
• Employees: 3,000
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Novanta: $160.00
• High Price Target: $160.00
• Low Price Target: $160.00
• Potential Upside/Downside: +33.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.96
• Trailing P/E Ratio: 61.28
• Forward P/E Ratio: 39.64
• P/E Growth: N/A
• Net Income: $64.09 million
• Net Margins: 7.42%
• Pretax Margin: 9.31%
• Return on Equity: 15.06%
• Return on Assets: 7.97%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 2.56
• Quick Ratio: 1.70

Sales & Book Value

• Annual Sales: $949.24 million
• Price / Sales: 4.55
• Cash Flow: $4.53 per share
• Price / Cash Flow: 26.49
• Book Value: $20.76 per share
• Price / Book: 5.79

Miscellaneous

• Outstanding Shares: 35,970,000
• Free Float: 35,539,000
• Market Cap: $4.32 billion
• Optionable: Optionable
• Beta: 1.48